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Cushman & Wakefield Brokers $66.6M in Financing for One Newark Center in New Jersey

Cushman & Wakefield Brokers $66.6M in Financing for One Newark Center in New Jersey

POSTED ON DECEMBER 4, 2017 BY AMY WORKS IN LOANS, NEW JERSEY, NORTHEAST, OFFICE

One-Newark-Center-Newark-NJ

Located at 1085 Raymond Blvd. in Newark, N.J., One Newark Center features 423,028 square feet of office space.

NEWARK, N.J. — Cushman & Wakefield has arranged $66.6 million in acquisition financing secured by One Newark Center, located at 1085 Raymond Blvd. in Newark, for Beijing Ideal Group. Morgan Stanley Bank provided the 10-year, fixed-rate financing. The property in the transaction represented floors 6 through 22 of One Newark Center, a 22-story, 423,028-square-foot office building, along with the adjacent 10-story parking garage. John Alascio, Sridhar Vankayala and Noble Carpenter of Cushman & Wakefield represented the borrower in the transaction.

To find out more information about Cushman & Wakefield Brokers $66.6M in Financing for One Newark Center in New Jersey, please complete and submit the form to the right, or call us toll free at 877-266-6798.

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